The NFT ecosystem continues to chug on, but the vast majority of volume still moves through the centralized halls of NFT marketplace OpenSea, leaving crypto VCs eager to find new channels.
Katie Haun’s new company Haun Ventures has led her first deal with NFT startup Zora Labs, the $50 million funding round valuing the company at $600 million. The Zora protocol allows artists and developers to create NFT marketplaces and collections. Zora has its own primary marketplace where users can list NFTs similar to OpenSea, but the vast majority of NFTs sold through its protocol take place on third-party sites.
Crypto organizations like publishing startup Mirror and collective FWB have used Zora’s protocol to sell NFTs to community members.
In addition to Haun Ventures, supporters in the group are Coinbase Ventures and Kindred Ventures. Haun notably led the OpenSeas Series B round at a16z and earned a seat on the board.
Haun Ventures leads $50M round in NFT startup Zora Labs – TechCrunch Source link Haun Ventures leads $50M round in NFT startup Zora Labs – TechCrunch